Child Benefit Cuts

[formant]

Hi Kaiser78,
Note that if you anticipate having adjusted net income of over £60,000 each year, then it will not be worthwhile receiving the benefit as you lose 1% for each £100 in excess of £50,000 - you would simply repay the whole amount if this were the case.

It would only be worth receiving it in that instance if you're separated and in a fully shared residence situation with your children. Giving up your child benefit then means that the other parent will be able to claim for maintenance through the CSA. I'd want to avoid that, even if it means paying the child benefit back at the end of the year.